ReneSola Ltd. SOL was a big mover last session, as the company saw its shares rise over 9% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This continues the recent uptrend for the company — as the stock is now up almost 42% in the past one-month time frame.
The company has seen 1 positive estimate revision in the past 30 days, while its Zacks Consensus Estimate moved higher over the same time frame, suggesting that more solid trading could be ahead. So make sure to keep an eye on this stock going forward to see if yesterday’s jump can turn into more strength down the road.
ReneSola currently has a Zacks Rank #1 (Strong Buy) while its Earnings ESP is 0.00%.
Another well-ranked stock in the same space is JA Solar Holdings Co., Ltd. JASO sporting the same Zacks Rank as ReneSola.
Is SOL going up? Or down? Predict to see what others think: Up or Down
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